Politics and Economics

Politics is defined as the process in which decisions are made to govern a political body or nation. A government is a authority, person, or body of people who are authorized to make such decisions. This includes legislative, executive, and judicial decisions. There are many forms of government including Democracy, Monarchy, Anarchy, and Sovereignty. Economics, however, is the social science of analyzing and describing the production, distribution, and consumption of goods and services within a country or between two or more countries. Microeconomics and macroeconomics are the two divisions that comprise economics. Microeconomics deals with one firm such as a business or household, while macroeconomics deals with the entire economy as a complete entity.